MCA, MIC received 1MDB money, too, says report

Updated 7 years ago · Published on 30 Jun 2018 11:31AM · 3 Comments

Barisan Nasional component parties MCA is alleged to have received RM11 million while MIC was given RM15 million. – The Malaysian Insight file pic, June 30, 2018.

BARISAN Nasional component parties MCA, MIC, SUPP and LDP are believed to have received money from 1Malaysia Development Bhd, said a business weekly report.

Quoting sources, The Edge said the sum given to the parties for the 2013 election amounted to some RM300 million and that the Umno head office was the biggest beneficiary at RM145 million.

The money was transferred from one of then prime minister and party president Najib Razak’s personal accounts with AmBank, said the report.

It said the RM145 million was part of RM800 million in the account. 

Investigators believe the money originated from 1MDB’s bond issue in 2012 and 2013. 

In 2013, the Wall Street Journal reported that some RM2.6 billion was transferred to Najib’s accounts in March that same year. 

Najib, however, had denied any wrongdoing and said the money was a donation from the Saudi royal family.

The sources also told The Edge that other Umno beneficiaries included Selangor Umno (RM19 million) and Johor Umno (RM25 million).

MCA was alleged to have received RM11 million while MIC was given RM15 million. 

The report said that close to 70 individuals, 60 companies and 10 foundations also received some RM500 million from Najib’s account between 2011 and 2014.

The sources said that the individuals will be questioned and asked to return the money, even if they were not aware that the money had come from an illicit source.

Yesterday, acting Umno president Ahmad Zahid Hamidi said Umno’s main account had been frozen by the Malaysian Anti-Corruption Commission.

Similarly, MACC’s 1MDB task force said it had ordered a freeze on some 900 other accounts, including political parties besides Umno. – June 30, 2018.
 

Sign up or sign in here to comment.

Comments

  • A bigger dragnet should be casted and haul up all the parasites. No mercy on all the recipients. Infact all account from UmnoBN and all GLCs with political appointees should be under microscope and frozen at will. Extend the investigations and actions to the family members or next of kin in a complete overhaul process and the money and assets netted is enought to monetise and create a thorough Free Education to all Malaysian. coupled with examplary health care for the aging populations. Stop dilly dally on this process as PH is voted in to clean up and improve performance. We want to see no more bigotry , racial ,or unequal distributions from the pie in all aspect , good and strong performance thru' meritocracy. Obviuosly the weak and the poor will have better standing in allocation but it should not be define anymore by race. A New Malaysia Era will be only lip service if there are no efforts no a radical change to resistance on being a True Malaysian be it Rakyat or politicians. A term of 5 years in elections are very short period and glady to dispose incompetent governace. The Malaysian Rakyat deserve better after 60 years of Government thuggish bullying and roguish intimidation to rob the country dry.

    Posted 7 years ago by Lee Lee · Reply

  • Milking the fat cow dry. Terrible.

    Posted 7 years ago by Henry Mancini Jr · Reply

  • Recover all monies from those who received from !MDB. Jail those who recipnt are responsible

    Posted 7 years ago by King Hutan · Reply